If you’re a parent, the thought of college costs for your kids has no doubt crossed your mind. It’s no secret that higher education is becoming more expensive by the year. In this post, I’d like to share how you can maximize your child’s potential for need-based financial aid.

Before we dive further into the world of student loans, let’s run through the terms you’ll hear related to loans. This will help you better understand your loans and your options when it comes time to repay them.